MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYU) Sees Strong Trading Volume – Still a Buy?

MicroSectors Travel 3x Leveraged ETN (NYSEARCA:FLYUGet Free Report) saw strong trading volume on Wednesday . 1,359 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 1,221 shares.The stock last traded at $62.15 and had previously closed at $59.63.

MicroSectors Travel 3x Leveraged ETN Trading Up 0.8 %

The company has a 50-day moving average price of $61.15 and a two-hundred day moving average price of $48.62. The stock has a market cap of $45.16 billion, a P/E ratio of 13.08 and a beta of 4.09.

MicroSectors Travel 3x Leveraged ETN Company Profile

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The MicroSectors Travel 3x Leveraged ETN (FLYU) is an exchange-traded fund that is based on the MerQube MicroSectors U.S. Travel index. The fund tracks 3x the daily price movements of a liquidity-weighted index of US-listed travel-related companies. FLYU was launched on Jun 24, 2022 and is issued by REX Microsectors.

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